Newbie Investor in GA, how to get 10+ units.

[Manny Luis]

Hello All, 
I started investing last year in GA, and currently closed on my 2nd single family home. I currently make $55k a year at my job. My loan officer made a comment that got me worried, she mentioned how banks will only let me have 4 loans. I’ve heard countless stories how some people have 10-100 units. How did they accomplish that? 

If anyone can give any advice, I would truly appreciate it. I still have 2 more loans that I can get but I want to be prepared when that time comes and I’ve pretty much tapped out my credit. 

[Caroline Gerardo]

A Bank has the limit of ten mortgages, yours sounds super small (limited of four). I offer unlimited number of mortgages as long as: your income on the IRS returns qualifies; OR you have 24 months bank statements with deposits in one account to show the income; OR you have plenty of liquid assets as in checking and can make it on asset depletion; OR the subject property can qualify with rents called debt service ratio- rents used are either the actual lease plus deposits or what the appraiser considers the market rents less principle interest tax and HOA. There are options or go commercial.